February 23, 2019

Maharaja Shree Umaid- At Heavy Discount -Shares to Promoters

Maharaja Shree Umaid has devised clever trick to acquire shares at a fraction of the real worth.

First the holding Company, Placid Limited extended a loan to Maharaja ( which was not required by Maharaja ).

Now , Maharaja wants convert this loan by Promoters in to Equity at Rs. 36 / 20 p which is a mere fraction of the real value of share . This would dilute the value Non Promoters' shares.

Investors please take up the matter with the Company and Company Law Board to get Non Promoter shareholders move dropped '

PLEASE HELP

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Maharaja Shree Umaid Mills Delisted in 2015

It is an Asset Laden Company , also , with very valuable land bank , inter alia , in Kota ( Rajasthan )

Promoters are increasing their stake in this Company by various measures including a Rights Issue in 2017 The Company was not in need of any capital , Very few additional shares were allotted to Non Promoters. The unsubscribed portion was nearly taken in whole by the Promoters.

April 26, 2017

Maharaja Shree Umaid-Rights Allotment-Very Few Additionals

Maharaja Shree Umaid Mills ( which delisted in 2015 @ Rs.90 ) has made allotment in the Rights Issue.

Noteworthy feature is that very few additional shares ( over and above the entitlement ) have been allotted.

This means that Promoters , who already held nearly 92 % of the Equity may have further increased their percentage holding as they may have taken the Rights of Non applicants ( like dormant folios etc ) .